*Improved Price!* Discover this fully renovated, expansive 2-family home in a prime Watertown locale! Completely gut renovated in 2022 with taste and elegance. Each unit features 3 bedrooms and 4.5 baths spread across 4 floors of living space, with multiple fireplaces. The finished basement walk-out access to the fenced backyard. Laundry in each unit. Enjoy energy-efficient gas heating and central AC. Each unit boasts a private driveway for added convenience. Located just steps from Watertown Square, you'll have easy access to shops, restaurants, and public transit. Built as two townhouses, this property presents an amazing opportunity for condo conversion, multi-family investors, and owner-occupants alike. Don't miss this opportunity in rapidly growing Watertown - just minutes to the Arsenal, Harvard Square, and Boston Landing! Both units are leased until 08/31/2025.
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Last Updated: March 15th, 2025 at 5:33am
Gross Income: $119,400
Gross Expenses: $14,111
Net Income Calc: $105,289
CAP Rate: 5.26%
Annual Expenses for 238-240 Palfrey St, Watertown MA 02472
Total Gross Expenses (Calculated)$14,111/year
APOD AvailableNo
Heating$0
Electricity$0
Water$0
Gas$0
Insurance$0
Sewer$0
Trash Removal$0
Repair & Maintenance$0
Management$0
Miscellaneous$0
Real Estate Tax$14,111
Annual Income & Unit Breakdown for 238-240 Palfrey St, Watertown MA 02472
Total Gross Income (Calculated)$119,400
Unit 1
Rental Income5200
LeaseY
Bedrooms3
Bathrooms4 Full, 1 Half
Floor1
Levels in Unit4
HeatingNo
Rent Includes
Unit 2
Rental Income4750
LeaseY
Bedrooms3
Bathrooms4 Full, 1 Half
Floor1
Levels in Unit4
HeatingNo
Rent Includes
General Information for 238-240 Palfrey St, Watertown MA 02472
Listing ID73294664
Property TypeMulti Family / 2 Family
Price$1,999,900 ($488.02/SqFt)
Style
CityWatertown
CountyMiddlesex
MLS Area
Neighborhood(s)
Approximate Living Area Total4,098 SqFt
Approximate Lot Size (Acres)0.18 acres
Total Parking3
Garage Parking
Year Built1920
Year Built SourceBuilder
Year RenovatedN/A
Year Built DetailsRenovated Since
Water
Sewer
Electric
Hot Water
Roof Material
Basement
Construction MaterialsFrame
Lot Features
Foundation Area
Foundation DescriptionStone,Brick/Mortar
Accessible Features
Outdoor SpacePatio
ZoningS-6
Zoning Details
Water Views
Water Views Features
WaterfrontNo
Waterfront Features
Energy FeaturesInsulated Windows
Terms
Interior Features for 238-240 Palfrey St, Watertown MA 02472
Disclosures for 238-240 Palfrey St, Watertown MA 02472
Lead PaintUnknown
UFFI
Living Area Includes BasementNo
Living Area Disclosure
Building Area SourcePublic Records
Title 5
Exclusions
Disclosures
Financial Data Source
Total Gross Expenses By Broker$0
Total Gross Income By Broker$119,400
Total Net Income By Broker$119,400
For Sale By OwnerNo
Short Sale / Forclosure (Bank Owned)
Buyer Agent Compensation2%
Facilitator Compensation
Sub-Agent Compensation
Compensation Based OnGross/full Sale Price
Location Information for 238-240 Palfrey St, Watertown MA 02472
Elementary School
Middle School
High School
Neighborhood(s)
MLS Area
Area AmenitiesWalk/jog Trails, Highway Access, House Of Worship, Public School, Shopping, Golf, Park, Medical Facility, Bike Path, Public Transportation, Tennis Court(s)
Contact Information for 238-240 Palfrey St, Watertown MA 02472
